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a big move. >> lastly, citi goes buy to hold bhp. >> people ask me what i'm worried become it is the endless pressure in the my earth and the materials. free port yesterday, 32. bhp, looks like -- these are rolling ever. the junior gold minors are horrendous. joint global up yesterday on rumors. why are these going down so hard? >> you think god is overdone? >> i like gold az as an allocation, a currency. these miners, they are the weakest, they are terrible. terrible stocks. ran gold, a well run company. >> going back to late 11. >> the euro, by the way, looks -- versus the dollar, the euro really come down. something to watch with the metals, rio tinto a fine company, bhp a fine company. rolling over that is worrisome. i don't think they are done rolling over. >>> home builders falling sharply last few days. an analyst says there is another sector you can play to make money off of housing, the opening bell on a thursday is just minutes away. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarte
turbines are now powering some of america's biggest cities. siemens. answers. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> where will it end, and is it coming to your city? supersized sodas are outlaws in new york thanks to mayor mike bloomberg, and now he's got another ban in his sight. courtney reagan has the details. >> environmentalists are rejoicing but restauranteurs may not be. in his 12th and final state of the city address new york city mayor michael bloomberg is proposing a citywide ban of plastic foam containers. >> styrofoam increases the cost of recycling by as much as $20 per ton because it has to be removed. something we know that's environmentally destructive, costing taxpayers money and that is easily replaceable. we'll work to adopt a law banning styrofoam food packaging from our stor
prices in seven major chinese cities row rose an average tr a year earlier. that's much higher than expected and it's the first time prices rose across the board after ten straight months of decline. >> the layest property data comes at a time when they might tighten policy. home prices across china gained on month .on year continuing the defy government efforts to cool this market. beijing has led a crackdown on home prices for the last three years. but chinese real estate has been showing signs of a revival since the middle of last year. investors struggled to digest the data. it seemed like they were trying to figure out whether the data had hit a sweet spot. was it a big enough contain or was et small enough to pass under bay ying's radar, yet still confirm signs of a recovery? in any case, the property market is essential to china's overall economic recovery making up more than 10% of gdp. it's a sector that investors and we will continue to monitor closely. back to you guys. >> and on that note, we are learning from hong kong the government has unveiled fresh measurer to cool
of resources. when you need a lot of resources to move all those 400,000 people to the city. >> a couple of headlines from the new york stock exchange. regarding winter storm, they say they do expect business as usual. this is according to a spokesperson. keeping member firms and traders informed of the weather reports. remember, we had some issues during sandy, obviously, where the exchange had to work mightily to open. it says it has contingency plans in effect. the surge they're talking here in new york is three to five feet. sandy was 13 feet. >> far different. >> ostensibly under a lot less pressure, but you never know what the storm's going to bring. >> up in the boston area, i believe it could be more significant. and again, with the high tides, highest tide of the month, what time will the surge be. i know there's a lot of focus on that. >> people should listen to the safety. >> watching shares of linkedin today. all new-time highs. blowing past expectations with its earnings. revenues up 81%. mostly coming from linkedin's recruitment services. stocks up almost 80% in the last 12
failure. he was 88 years old. koch led new york city for 12 years, known for saving the city from financial ruin. michael bloomberg saying in a statement the city has lost an icon. a cheerleader, champion, 5,000-word oh bit in the "times" today, words like pugnacious, tenacious, outspoken. david, you know his story pretty well. he really did set the stage for giuliani to change the city. >> yeah, he was the consummate new yorker. of course, living in his apartment not far from here, in greenwich village for so many years. not everybody in the community, but many would say, our mayor. when he came into the office in '78, the city was at or near its nader. i can remember it well at that time, of course. and we did grow a great deal under his mayorality. not without some scandal, but certainly with a great deal of enthusiasm. in many ways he brought the spirit back and made you feel good about being a new yorker. which is not easy to do, when you had lived through the '70s. >> he passes on a day where a new biography, a film biography of him opens. something somebody said is the koch
turbines are now powering some of america's biggest cities. siemens. answers. >>> let's take a look at u.s. futures. the last time we checked in, the dow was set to open about 11 points at the open. it's peared back just a tad. the dow is still trying to climb back towards that 14,000 level, a time, ross, when frankly more people were talking about warning signs in the market. >>> meanwhile, as far as the european stocks were concerned, and this is where we stand, firmer today. the ibex down 0.3%. the cac 40, ftse and xetra dax up between 0.25% and 0.5%. dollar index is up, kelly. >> that's right. and the dollar/yen, adding 0.5%. so 93.17. aussie/dollar weaker by about 0.5%. a lot of trade across asia is quiet or closed for the lunar new year. >>> france's problems have nothing to do with a single curren currency, but down to the problems itself. he said that the core of the french problem lies inside the cup, not in the foreign exchange rate. this time last week, the french president called for the rights to curve the euro. >>> and the euro group meeting, which is due to star today in b
. some of the newer cities, yum doesn't even have competition. it has the supply chain, and the real estate identification teams to get into the smaller markets. the competition is scarce. the tier one markets, the returns are deteriorating. that's why they're slowing down that development there. but yum brands has a very deep investment capital opportunity if they can get its brand back on track. >> david, thanks to speak with you. >> thank you. >>> still ahead, much more of the dell buyout news. and the doj lawsuit.ate in me? with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades n an account. to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son bro
who make promises that will never be fulfilled, my city has demonstrated you can make real contributions to provide the economy to businesses in trouble. we pay off our debt to business necessary time and this prevents companies from going bankrupt. but they still need help. we need to reduce the fiscal pressure and cut the cost of employment without damaging workers and their rights. >> it's fashion week here in milan. you only have to be here to get the sense of pride that people feel about this industry. how do you get that to translate to other sectors and the political system, too? >> translator: i think we can bring back pride to our politics giving a strong sign of renewal. i was in the uk and when i said i was a lawyer from italy, from milan, all people could talk about was bunga bunga. now that has changed. i've been invited to talk about the school of economics. i see when i go abroad, when foreign officials come to milan, the city is once again a focal point and there's a willingness to discuss and trade. >> the more foishlgs and public i speak to here, the more
of this, you don't even have to look hard for t.cities like albuquerque, new mexico, raised its minimum wage at the beginning of the year, and you're already seeing headlines there, you know, restaurant cutbacks, restaurant that cut hours two days a week and opted not to hire six new employees. i mean, these are actual on-the-ground consequences that are happening, so if ken wants to -- wants to give his employees a raise, that's fine, but we don't need the government to mandate that for all other businesses, especially marginal businesses that can't affit. >> well, what's the answer then to moving needle on the middle class? how do you think you should do it? >> who is earning the minimum wage who is trying to help. one in six people who earns the minimum wage is a single parent supporting children, so let's say we're trying to help that group. do something like expanding the earned income tax credit which will boost their wages through the tax code instead of a mandate on employers. shown to reduce poverty unlike the minimum wage which has been shown not to reduce poverty. >> that's a
.s. home prices continued to rise through december of last year. the ten-city composite up 5.9%. the 20-city composite up 6.8%. david blitzer is the chairman of the s&p 500 index committee. david, welcome back. good morning. >> good morning. >> pretty good numbers to close out the year. people still trying to get their arms around how distressed properties are moving some of these prices, especially in key markets. >> that's right. i think the overall picture is very, very strong. the national index, which is up 7.3% for the four quarters, ended with the end of 2012. so really, all across the country things look good. only one city of all 20 was down on the year-over-year basis. >> still, though, i'm told the index is heavily skewed by the share of distressed. that's why atlanta could be down 17%. and now up 10% year-over-year. are these numbers, are they reflective of what's happening with real buyers? >> yes, i think they are reflective of what's actually happening with real buyers. what we've seen in city after city over the last couple of years is the city will get hit with a wave o
of the u.s., it is cricket city. 37 in kansas city with clouds. 31 in minneapolis. and back out west we go, rain in seattle. and it, look like partly cloudy skies for much of central and southern california. now, what about travel? what can you expect today as you head out to the airways? at a couple of the airports, you could see some delays. minor delays delays expected in new york. the mix of travels. a mix of rain and is snow in spots lot of cleveland. there you go, guys. let's send it back to you in new york. >> reynolds, we were just talking about sorkin on the best dressed list and you may not be on it, but this is the guy that might replace it. loot him. >> thank you so much. >> you know what? i think he knew he was going to be back on squawk today. it's been a while and you said i'm going to be back on "squawk box." >> got the pocket square going. >> representing. >> and the hair is high .tight today, too, right? when was that done, yesterday? >> high and tight. my dad, god rest his soul, was a high and tight man. >> do you miss us on the days on -- >> every day. a day without "sq
at citi's expectations. trade's been volatile. shares fractionally lower. >>> let's check the broader landscape. two european markets are a little higher. xetera dax adding .3 after a strong performance yesterday on the strong zew survey. bond rates, we haven't seen as much focus on the space. it tells you something. the ten year in spain, 5.15%, under 4.4 for italy ahead of the elections on sunday. over to forex, the euro yesterday was initially stronger. gave up ground. today, adding .2% to 134. the yen giving up another .3%, heading back toward the 93 level. for more let's check in with li from singapore. >> reporter: thank you. asian shares climbed to the highest level in 1.5 years on an improving global outlook. the nikkei managed to close at a 52-month high despite a record trade deficit in january. investors are still awaiting the decision for the next boj chief. toyota shares gained 1.7% after thenique reports. the carmaker will ramp up production in april by 10% on expectations of higher domestic sales and more profitability due to a weaker yen. japan tobacco lost 1% an reute
of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> happy monday. welcome back to "squawk on the street." we'll begin with tech. jim short sounding the alarm of the apple bulls who screamed buy before the stock went down. we'll find out how many analysts failed to see that. >>> pope benedict will resign at the end of the month citing health concerns. what does it mean for the vatican and who could be next. >>> google shares down after hitting an all-time high last week, surging over 10% since the beginning of the year. are the charts pointing to more of a pullback ahead. >>> first, a lot of news out on tech this morning. certainly over the weekend we found google executive chairman eric schmidt is selling roughly 42% of his stake in google, in a move that could net him more than $2.5 billion. jon fortt has more from san jose. he joins us live. is it a surprise that schmidt should be such a heavy seller now? >> maybe a little bit of a surprise. not as big as the pope saying he's on his way out. but schmidt owns about 7.6 million sh
driven downturn. >> and there are forecasts now. i thought it was nomura city. whichever bank, i apologize. talking about spanish gdp by 4%. >> one shouldn't exaggerate. span entered the crisis in a relatively comfortable position debtwise. the problem is, the scale of the economic downturn and the fact that the -- the costs of the bank bailout have been basically settled, have saddled spain to even higher debt. that's clearly undermined spain's creditworthiness. >> the thing is, is what we're seeing here just something that's going on in january? because with such easy money in the world and the fact that if you're a fixed income investor, real returns are negative. are we driving fixed income investors not just in the sovereign market, but, you know, they're not going to -- they can't switch out of fixed income into equity. we talk about them looking at structured credit now seems to be flying, investment grade is overvalued. i wonder if that's what's going on here, if you can find the spanish debt at 5%, it's still better than other stuff you could buy. >> what we're seeing he
.75%. declines on the part of bank of america and citi, down more than 1% apiece. technology, it follows the theme all throughout 2013 so far, technology is slightly lower. although we do have apple trading higher today. the fact that apple of late seems to be bucking the trend of the markets. whenever that trend happens to be. today is a downtrend, apple trading higher. certainly for the year, it has been that the markets rallied without apple. in spite of apple we should note. it is still the second largest company by market capitalization on the s&p. >> they're very close, exxon and apple. and we have to mention facebook. i mention facebook because the shares are down over 3%. adding to losses that have started to add up percentagewise for this company, after reported what were not great earnings. at least when you look at mobile and the growth there. again, that according to some who follow the company closely, who were not as perhaps enthused as they otherwise might have been. >> within the realm of this sort of large cap, technology leaders, google getting a downgrade today. google
's calling in at jfk. everyone is trying to get out of the city before the storm hits. but everything starting from now is basically canceled. >> it will be hard. if you are stuck, there's within thing you can do. >> which is? >> turn the tv on. >> and watch cnbcwex. >> get your food in -- >> and -- >> no, no, the entire channel is fine. you don't have to just watch "worldwide exchange." there are worse things you could do. >>> still to come on the show, apple says it's considering returning cash to shareholders after coming under pressure from david einhorn. more details when we come back. . this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "
of america's biggest cities. siemens. answers. >>> only 25 minutes before tim cook addresses the goldman sachs technology conference. we'll break down what we can expect to hear from cook and what does it mean for apple stock today. great to see you. >> hello. >> what are you expecting to hear from cook today? >> yes. he's going to speak at the conference and we don't think he'll get into too much details over there. at this point, where the stock is, we think he'll address two things. strategy and products. they said they're actively looking at the cash balance. we expect them to increase dividends and have more buybacks. we think he's not going to get into details, but they're going to indicate their willingness to do that. on new products, they'll definitely talk about new products before the actual launch. but i think he's going to talk about the confidence in the new product pipeline. >> do you think that tim cook's playbook will change a little bit, given the pressure that he might be feeling from shareholders, like a david einhorn? and the focus that apple's been under, and the sc
information on that. plus, the other talking of the morning, why new york city mayor michael bloomberg, he wants to ban styrofoam. no more styrofoam. >> you know what i've seen, the new york city psa is about how you shouldn't drink sugar. there's a guy sitting there drinking 16 packs of sugar a day. >> you say that to a man my age, psa, and it's prostate -- >> the guy is drinking 16 backs of sugar and going, while they're drinking their soda. >> take a look at this. us airways ceo doug parker arriving at the airport in dallas just a few minutes ago. we're expecting an official announcement from amr on the usair merger. that's coming, we think, very, very toon soon. we're going to have that and a lot more when squawk returns. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> welcome back to squawk this morning. t let's take a lo
in a position -- it's been a pretty awful episode for the city of london, a lot of big advisers, jpmorgan, credit suisse, some of the lawyers, price waterhouse coopers, a lot of people who are on the board of bumi, all of them have tarnished reputations as a result of this scandal. >> whose fault is that? >> that's a good question. and there's still a bitter takeover by the panel going on as to exactly who knew what when the fundamental issues about funds that have gone missing from the company before it was brought to the london market. >> and nat rothschild has a lot of complaints about that money. the question is whether he knew about it before he brought this company to the london market, anyway. >> he calls the current management team a disaster. the company is uninvestble. we have to get out the cancer, he says. >> bumi has made a lot of commitments as to what they will do if this vote is won. they certainly sent a message that the current chairman will step down, the backrie family have offered to buy out half the company in return for their own shares in bumi. so in theory, at lea
happened here. let me give you one example of what citi wrote, for example. shock waves across the market. this is what happens when the worst case comes through. high political uncertainty is negative for investments in italy. so this is quite bad. remember, this is a parliamentary system. so even though someone yesterday got the most votes, they didn't win. that is luigi bersani. berlusconi and grillo got a lot more votes than anyone expected. that's what led to gridlock and so no one is in control. silvio berlusconi, sounding exhausted, called into one of his networks this morning to chat with the news anchors there. first of all, he doesn't think there should be new elections, which is a possibility. when he was asked about interest rates rising in italy, he said, don't worry about interest rates. they are an invention. the markets are a little bit independent and a little bit crazy. and the fact that the spread is widening compared to german interest rates, why do we have to compare ourselves to the germans all the time? we don't have to. he hinted to a coalition with the left. he di
than the annual salary. the city of london, seen as a major loser in this deal. it has an estimated 150,000 staff potentially affected and i just have to say, i keep thinking i'm missing something on this story because if this actually happens, ross, the impact would be -- it would have a major impact on the city, especially at the top. what does it mean for the banks? what does it mean for the potential returns when you look at comp and return on investment for, you know, return investment capital for some of these financial names? >> look, if you're freezing pay bonuses at one times salary, which for the investment bank is quite a dramatic change, what will the reaction be? obviously, a lot of people leaving banks or you'll see -- which i suspect you'll also get an awful lot of complex pay deals coming up. >> that, too. >> and there's a lot of ways to try and get around it. >> credit suisse and some are trying to pay with derivatives. there may be different kinds of comp. but if you're talking about the best and the most talented, you could argue about that in the banking sector alway
powering some of america's biggest cities. siemens. answers. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. >>> with the you do and the s&p 500 hitting new five-year highs at this point, we want to mention google crossing a milestone, above $800 a share. $801.60 is the last number here. it trades at a multiple of about 25. we'll talk to a fund manager about google a little later on in the show. let's check in with diana ol olick with breaking news. >> that's right, diana. home builder confidence took a step backward. the national association of home builders monthly sentiment index fel
, give me some loving. apple's not even on the top 50 of citi's new global champions. >> really? >> apple's not even on the list. >> holy cow. >> but the question is, why should it be on the list? >> coach is on the list. >> nine times earnings. coach is on the list? >> should go buy coach. buy a man bag. >> man purse. >> are we saying that on the list, which i have here somewhere, that apple's not one of the best 50? >> best 50 what, though? >> listen, maybe that's the bottom. >> coach, cummins -- >> i like cummins. >> ebay. >> i like ebay. >> speaking of watches, you can get a fossil instead of a swatch. >> listen, man, fossil, i told you yesterday fossil is going to determine whether that apple watch is better than the google glasses. >> google's on the top 50 list. >> i believe that. >> i'm going to 1,001 right now. >> where is brian white? >> right. that almost -- i don't want to say it topped the stock. when you start to get the really far out there price targets on apple, that's when the cracks in the story started to really -- >> look, here's capital oil and gas. one of the best p
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in arizona and send that electricity to new york city, i don't think that was ever that realistic. but, what we're talking about is smart grid technology, in that with thousands or millions of sources of electricity all around the country, the i.t. that's going to be necessary to make that all work together is going to be pretty huge. >> david, thank you very much for coming in and explaining all this stuff to us. >> come on back. >> i could go on for aheil. >> we didn't talk about the tax credits and whether or not that's going to lay. >> who would have known that electricity could be interesting. >> thank you. >> thank you. >> when we come back -- >> blackberries every second it's very interesting. >> house majority leader eric cantor and his plan to give the republican party a message makeover. "squawk" will be right back. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expe
powering some of america's biggest cities. siemens. answers. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. >>> twitter, facebook and apple, just a few of the latest companies to fall victim to ha
a little bit more with tina ford, who is senior political analyst at citi. it's a shame we couldn't get the full information in. we've now got with the gridlock here, what is -- i know there are many options. what do you think is the most likely? is a fresh election more likely than us coupling together some kind of coalition? >> i don't think so. at least not yet. to address your question, the next government probably won't last its full five-year term. however, fresh -- >> what is the next government? >> well, we'll get to that. there's no mon date here for austerity. you have a fragmentation amongst political parties, cobbling together a coalition is going to be difficult. historically, a coalition takes three to four weeks and it's not likely to be any quicker with this result. we are looking in the short term in weeks and probably months of political uncertainty. we have presidential elections coming, too. but in terms of fresh elections, they can't happen as quickly as they did in greece where they happened a month later. >> bettrsani will be first up trying to form a government.
Search Results 0 to 27 of about 28 (some duplicates have been removed)